The American Express Business Platinum Card is a top choice for small business owners who spend a lot of time on the road or in the skies. As one of the best business cards on the market, it offers a range of premium travel perks that frequent travelers will love.
New cardmembers can earn up to 300,000 bonus points after spending $20,000 on purchases in the first three months of card membership. However, welcome offers vary, and not everyone will be eligible for this promotion.
When it comes to getting approved for the Amex Business Platinum, one of the main concerns is credit score. American Express doesn't specify a minimum credit score, but applicants generally need good or excellent credit to be approved.
American Express will perform a credit check with consumer and business credit bureaus when you apply for an Amex business card. If your small business doesn't have a business credit history, the company will rely on your personal credit history and other information about your business to make a decision.
Each application is different, and American Express may approve your application even if you or your company has a lower credit score. However, applicants with lower credit scores typically need a stronger overall application, such as solid business revenue, lower existing debt, or an established history with American Express.
It's essential to understand that not all credit scores are the same. Your credit score may differ across calculation methods and credit reporting agencies. Factors such as payment history, amounts owed, length of credit history, new credit, and credit mix all impact your credit score.
Getting rejected for a card you want can be disappointing, but there are many reasons American Express might deny your Amex Business Platinum application. You may have opened too many credit lines recently, or your income-to-spending ratio might indicate too much risk.
Wait to read the rejection letter you'll receive in the mail, which will provide one or more reasons why American Express rejected your application. You can use the rejection to learn and improve your credit, and then apply again once you've strengthened your credit profile.
Finally, the American Express Business Platinum is one of the best business cards on the market, thanks to its multiple premium travel perks. While there's no specific credit score requirement to get approved, you'll generally have the best chances of approval if your score is in the "good" or "excellent" range.
